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Dec 26, 2012
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starbucks pushing congress to reach a deal on the fiscal cliff. wait until you hear about what they're doing to send encouraging notes to our elected leaders. are you optimistic that congress will meet a post-christmas fiscal cliff deal? [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> so as newtown, connecticut, recovers from the tragic shooting, police are across new england stepped in to give officers at the town's police department a day off to spend time with their families and that christmas is one of the millions the town received from all over the world after 20 children and 6 educators died in the massacre. and with students across the u.s. enj
starbucks pushing congress to reach a deal on the fiscal cliff. wait until you hear about what they're doing to send encouraging notes to our elected leaders. are you optimistic that congress will meet a post-christmas fiscal cliff deal? [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news....
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Dec 26, 2012
12/12
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the president is returning to the white house to work on a fiscal cliff deal before the end of the year. house and senate members are expected to reconvene tomorrow without an agreement automatic tax increases increases for everyone and deep spending cuts will be triggered starting january 1st. lawmakers maintain that the dispute continues to be over taxes. >>> time now for a check of that forecast. let's go back over to meteorologist mike massco because things could deteriorate as the day goes on. >> what's going on out there, mike? >> a whole lot of nothing right now, but things will change during the course of the morning hours. check it out, guys, 36 in the city limits, we go outside 31 in eldersburg, and joppa at the freezing mark. anything that moves in right now will fall in the form of some snow. winter weather advisory up towards carroll county, fredrick county, winter stormings out of western maryland. i drew in this line, this is actually what's hitting the ground. it's about two hours from the baltimore city metro area. so this will be moving in probably during the tail end
the president is returning to the white house to work on a fiscal cliff deal before the end of the year. house and senate members are expected to reconvene tomorrow without an agreement automatic tax increases increases for everyone and deep spending cuts will be triggered starting january 1st. lawmakers maintain that the dispute continues to be over taxes. >>> time now for a check of that forecast. let's go back over to meteorologist mike massco because things could deteriorate as the...
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Dec 29, 2012
12/12
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cliff deal. 30,000. here is a headline at ktvn in nevada. unemployment insurance recipients notified benefits may end. nearly 25,000 nevadans were notified this week that their unemployment benefits will end after this week if congress does not vote by tuesday. if congress does not vote to continue them. here's the headline out of michigan. 85,000. 85,000 michiganders losing unemployment benefits. here's the palm beach post, 115,000 floridians being cut at the end of the year. 43,000 in connecticut could lose unemployment benefits. a few minutes ago, you heard jeff merkley of oregon mention, i believe, the 30,000 in oregon. one of the things that has been lost in all the fiscal cliff wrangling over the last couple of months is something really dramatic will happen really soon that will affect a ton of people who cannot, cannot afford it. four days from now, if washington cannot find a way to get its act together, 2 million people will lose their unemployment benefits. all at once. they will go all go awa
cliff deal. 30,000. here is a headline at ktvn in nevada. unemployment insurance recipients notified benefits may end. nearly 25,000 nevadans were notified this week that their unemployment benefits will end after this week if congress does not vote by tuesday. if congress does not vote to continue them. here's the headline out of michigan. 85,000. 85,000 michiganders losing unemployment benefits. here's the palm beach post, 115,000 floridians being cut at the end of the year. 43,000 in...
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Dec 29, 2012
12/12
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tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is senator sheldon whitehouse of rhode island, a member of the senate budget committee. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that meeting? >> well, i think that the decision to move the forum for the negotiations to the senate was a necessary one. i have a lot of confidence in harry reid's negotiating ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal
tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is senator sheldon whitehouse of rhode island, a member of the senate budget committee. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the...
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Dec 28, 2012
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we will kick the can down the road, do a small deal and create another fiscal cliff to deal with this. again a total lack of courage, lack of leadership. >> could they create another cliff? >> it's almost as if they're bouncing off one before bouncing on another further down the canyon. simply by the way the senate and the housework, how the wheels of legislating turn basically, it's nearly impossibility for things to get done before new year's eve unless both chambers lock themselves in those chambers until monday evening. to try to get some of this done. as was sort of already being talked about, as this deadline approached anyway. >> folks are saying, look, it's already so bad, it doesn't work the first time. >> yeah, all the things set to expire would still conceivably expire unless something is in that modest agreement which would likely be mostly about taxes. the spending cuts and things like that would probably -- but most of those wouldn't be felt for a few more weeks or months anyway. >> it seems like any deal would be hammered out in the senate with harry reid and mish mccon
we will kick the can down the road, do a small deal and create another fiscal cliff to deal with this. again a total lack of courage, lack of leadership. >> could they create another cliff? >> it's almost as if they're bouncing off one before bouncing on another further down the canyon. simply by the way the senate and the housework, how the wheels of legislating turn basically, it's nearly impossibility for things to get done before new year's eve unless both chambers lock...
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Dec 28, 2012
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cliff deal. the meeting began about an hour ago in what could be the final face-to-face meeting between the president and lawmakers of both parties before monday's midnight deadline. the house is scheduled to reconvene on sunday evening to do what we don't exactly know. so joining us live from the white house is nbc's kristin welker. kristin, welcome. >> reporter: thanks, karen. good afternoon. >> so what are we hearing about this meeting? i know it's still going on. any news? >> reporter: well, we do know this, a source familiar with these talks says that president obama is not going to be offering anything new during this afternoon's meeting. he's essentially going to be saying what he said at the white house last friday when he called on congress to put forth a package that would extend bush era tax cuts for those making $250,000 or less, extend unemployment insurance benefits, as well as stave off some of those deep spending cuts that are set to go into effect. the president is going to make
cliff deal. the meeting began about an hour ago in what could be the final face-to-face meeting between the president and lawmakers of both parties before monday's midnight deadline. the house is scheduled to reconvene on sunday evening to do what we don't exactly know. so joining us live from the white house is nbc's kristin welker. kristin, welcome. >> reporter: thanks, karen. good afternoon. >> so what are we hearing about this meeting? i know it's still going on. any news?...
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Dec 29, 2012
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tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our bloblog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that meeting? >> well, i think that the decision to move the forum for the negotiations to the senate was a necessary one. i have a lot of confidence in harry reid's negotiating ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantiative and makes a differen
tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our bloblog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that...
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Dec 24, 2012
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. >> but, first, don't go looking up the chimney for a deal on the fiscal cliff. there are just eight days, that's it, until the deadline to reach a deal, and there was little progress as lawmakers left town for the holiday. before the president took off for his hawaiian vacation with his family on friday, he pressured kfshs to pass a smaller deal, to delay those automatic spending cuts and to extend tax cuts for all except for the wealthiest of americans. now, while senators on both sides of the aisle, they spoke in support of at least a smaller deal on sunday. joe lieberman seemed to have less hope. >> it's the first time that i feel that it's more likely that we will go over the cliff than not, and that if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever in american history because of the impact it will have on almost every american. >> kristen welker is nbc's white house correspondent, also traveling with the president in honolulu. kristen, explain to all of us because it appea
. >> but, first, don't go looking up the chimney for a deal on the fiscal cliff. there are just eight days, that's it, until the deadline to reach a deal, and there was little progress as lawmakers left town for the holiday. before the president took off for his hawaiian vacation with his family on friday, he pressured kfshs to pass a smaller deal, to delay those automatic spending cuts and to extend tax cuts for all except for the wealthiest of americans. now, while senators on both...
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Dec 30, 2012
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. >> 30 hours to go until the country hits the fiscal cliff and still no deal. i'm melissa rayberger, and the white house has sent one of its top negotiators to capitol hill, but right now it's all centered on the senate, and as democrats dig in to protect social programs, republicans do the same on taxes. >> raising taxes to pay for new spending is not something that republicans believe this debate ought to be about. it ought to be about reducing the deficit and the debt, and what they are essentially suggesting is we want new taxes. we want higher taxes on people in this country to pay for new spending. >> so what happens next? with us nbc news capitol hill correspondent mike vic rah and nbc news white house correspondent kristen welker. mike, let's get started with you. what's happening right now in the senate. i understand there's an update on the chained cpi. >> reporter: they say the darkest hour right before the dawn, melissa. everybody ought to hope that's true, at least if you don't want to see your taxes go up on midnight on monday and tuesday night be
. >> 30 hours to go until the country hits the fiscal cliff and still no deal. i'm melissa rayberger, and the white house has sent one of its top negotiators to capitol hill, but right now it's all centered on the senate, and as democrats dig in to protect social programs, republicans do the same on taxes. >> raising taxes to pay for new spending is not something that republicans believe this debate ought to be about. it ought to be about reducing the deficit and the debt, and what...
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Dec 24, 2012
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lawmakers have one week to come with up a deal to avoid the fiscal cliff. if that tonight happen we all pay. find out how close -- if that doesn't happen, we all pay. find out how close they are to reaching an agreement. >> reporter: the day before christmas. have you gotten your shopping done? i am linda so live at the mall in columbia. if you haven't you are not alone. what stores are doing to help last-minute shoppers get it done. >> we want to make sure you stay cheerful as you finish up the last-minute holiday shopping. we are going to tell you what kind of deals are fake out there so you don't get tricked stay with us. we have got details on that. all right. it's monday morning. christmas eve day. so merry crass may early. i am -- christmas a little early. lynette charles is here with a look at how the weat
lawmakers have one week to come with up a deal to avoid the fiscal cliff. if that tonight happen we all pay. find out how close -- if that doesn't happen, we all pay. find out how close they are to reaching an agreement. >> reporter: the day before christmas. have you gotten your shopping done? i am linda so live at the mall in columbia. if you haven't you are not alone. what stores are doing to help last-minute shoppers get it done. >> we want to make sure you stay cheerful as you...
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Dec 24, 2012
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to avoid going over that fiscal cliff on january 1. so no surprise the market's in negative territory. you've got the numbers right there in front of us right from the opening. now, on the flip side the markets had priced in some kind of a deal and that's why post election day we had seen the markets overall going up. but right now make no mistake about it, the fiscal cliff doubts in getting to january 1 without some kind of even a patchwork deal is what's driving the markets right now in negative territory. >> as we know, it's not a cliff, it's really a slope or series of steps as you're falling down them should a deal not come to pass here. is the drop that we've seen so far after plan b's failure, will we see yet more of the market reacting, a slow degradation of market performance? >> that depends on essentially if, for instance, a week from monday right now we're sitting here and it's almost a certainty that we're going to go over the cliff. i would argue that we could get more back to a cliff rather than slope analogy because it
to avoid going over that fiscal cliff on january 1. so no surprise the market's in negative territory. you've got the numbers right there in front of us right from the opening. now, on the flip side the markets had priced in some kind of a deal and that's why post election day we had seen the markets overall going up. but right now make no mistake about it, the fiscal cliff doubts in getting to january 1 without some kind of even a patchwork deal is what's driving the markets right now in...
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Dec 28, 2012
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. >> if an unemployment extension is not included in the fiscal cliff deal, 2.1 million americans will face an immediate loss in federal unemployment insurance. it will result in a cut of $284 a week for the average beneficiary. and that's a lot of dough for the average american. it's important to keep in mind the unemployment cliff is really a cliff, urban a slope. tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment americans who rely on federal aid will be cut off on january 1st, 2013. however, there is some good news on the unemployment front. the four-week average of job claims dropped to roughly 356,000. it's the lowest level since march 2008. but unfortunately, the national unemployment rate is still 7.7%. and if republicans in congress fail to accuracy millions of unemployed americans will be off to a very rough start for the new year. for more on this let's turn to the reverend dr. haines iii, senior pastor at friendship west baptist church. dr. haines, welcome to the show. >> thank you, professor dyson. >> isn
. >> if an unemployment extension is not included in the fiscal cliff deal, 2.1 million americans will face an immediate loss in federal unemployment insurance. it will result in a cut of $284 a week for the average beneficiary. and that's a lot of dough for the average american. it's important to keep in mind the unemployment cliff is really a cliff, urban a slope. tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment...
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Dec 25, 2012
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congress is expected to come back later this week as america gets closer to the fiscal cliff. some lawmakers are now calling for a small scale deal as a temporary fix. >> i think it's impossible to get any kind of grand bargain or comprehensive package. i think we're dealing right now with whether or not we can put off the increases in tax rates. that's really all we can deal with right now. >> the house will stand in recess subject to the call of the chair. >> reporter: congress recessed alf republicans rejected house speaker jane bahner's compromise. he proposed letting tax cuts expire for those making over $1 million a year. other republicans say it's time for a deal. >> i agree with him. i don't think we ought to increase taxes on anyone. however, we're now at a point where we're not going to get what we think is right for our economy and our country. >> with congress coming back, the president will also reportedly cut short his holiday vacation in hawaii. democrats hope mr. obama will continue to fight for a complete agreement, not just a temporary patch. >> i definitely
congress is expected to come back later this week as america gets closer to the fiscal cliff. some lawmakers are now calling for a small scale deal as a temporary fix. >> i think it's impossible to get any kind of grand bargain or comprehensive package. i think we're dealing right now with whether or not we can put off the increases in tax rates. that's really all we can deal with right now. >> the house will stand in recess subject to the call of the chair. >> reporter:...
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Dec 30, 2012
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and i think that the issue that we're dealing with right now on the fiscal cliff is a prime example of it. what i'm arguing for are maintaining tax cuts for 98% of americans. you know, i don't think anybody would consider that some liberal left wing agenda. that used to be considered a pretty mainstream republican agenda. and it's something that we can accomplish today if we simply allow for a vote in the senate and in the house to get it done. the fact that it's not happening is an indication of, you know, how far certain factions inside the republican party have gone where they can't even accept what used to be considered centrist mainstream positions on these issues. now i remain optimistic. you know, i'm just a general optimist, that eventually people kind of see the light. you know, winston churchill used to say that we americans, you know, we try every other option before we finally do the right thing. after everything else is exhausted, we eventually do the right thing. and i think that that's true for congress as well. and i think it's also important for americans to remember t
and i think that the issue that we're dealing with right now on the fiscal cliff is a prime example of it. what i'm arguing for are maintaining tax cuts for 98% of americans. you know, i don't think anybody would consider that some liberal left wing agenda. that used to be considered a pretty mainstream republican agenda. and it's something that we can accomplish today if we simply allow for a vote in the senate and in the house to get it done. the fact that it's not happening is an indication...
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Dec 30, 2012
12/12
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for an emergency summit to try to hammer out a deal to avoid the fiscal cliff and describe the talks as productive. they didn't produce an agreement. from the senate floor, words of optimism from minority leader mitch mcconnell. >> we're engaged in discussions, the majority leader and myself and the white house and in hopes that we can come forward as early as sunday and have a recommendation. >> reporter: harry reid took a cautionary town, perhaps to allay the fears of americans who are wonder how long going off the cliff will affect their paychecks. analysts say taxes on people making between 50,075,000 a year will go up an average of $2,500. >> whatever we go up is going to bem perfect. some people are not going to like it and some will like it less and that is where we are. i feel confident we have an obligation. >> reporter: president obama said that it's important for congress to vote on some type of package before it expires. >> if the agreement is not reached in time between senator reid and senator mcconnell, i will urge senator reid to bring to the floor a basic package for
for an emergency summit to try to hammer out a deal to avoid the fiscal cliff and describe the talks as productive. they didn't produce an agreement. from the senate floor, words of optimism from minority leader mitch mcconnell. >> we're engaged in discussions, the majority leader and myself and the white house and in hopes that we can come forward as early as sunday and have a recommendation. >> reporter: harry reid took a cautionary town, perhaps to allay the fears of americans...
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Dec 24, 2012
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we did deal with the fiscal cliff issues. we have passed that. it's harry reid and the president that have yet to come up with something. if it was so easy, if they thought they had a solution to it, why didn't on friday they come to the table and actually pass something? the pressure is on them, what can they pass in the senate? >> harold, you know the politics of this but you also know the mark. is there a new pessimism we're not going to get a deal and not going to solve these issues anyway? >> big disappointment. people outside of washington understand clearly. a couple hundred billion over ten years separating both sides. the question becomes can washington still govern itself? two, there's a realization we're in the middle of a small recovery. if we find ourselves not able to resolve this moment, it retards and slows and undermines what we see ourselves doing going forward. finally, for the life of me as someone who 0 served there, it was so distressful to watch both sides yell at each other. i feel sorry for speaker boehner. i've seen some
we did deal with the fiscal cliff issues. we have passed that. it's harry reid and the president that have yet to come up with something. if it was so easy, if they thought they had a solution to it, why didn't on friday they come to the table and actually pass something? the pressure is on them, what can they pass in the senate? >> harold, you know the politics of this but you also know the mark. is there a new pessimism we're not going to get a deal and not going to solve these issues...
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Dec 24, 2012
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. >>> we start with optimism as a last words that comes to mind with the fiscal cliff and with just a week left for talks left, la lawmakers are saying a deal is looking less likely than ever. >> it's a first time i feel it's more likely that we'll go over the cliff than not. and that -- if we allow that to happen it will be the most coloss colossal, consequential act of congressional irresponsibility in a long time. maybe ever in american history because of the immaterial pact on almost every single american. >> what will happen to an average american paycheck in a deal is not reached by january 1st? joining me now, washington bureau correspondent hampton pearson. let's see what the average american will or won't be seeing in their pi check. >> reporter: i'm here for the lump of coal portion of the program. if there's no deal, let's look at what happens to tax rates in just seven days and these stats are from the tax policy center. the annual income from somebody in the $50,000 to $75,000, about a $2,400 increase. jumping ahead to $100,000 to $200,000, the average tax increase, $6,60
. >>> we start with optimism as a last words that comes to mind with the fiscal cliff and with just a week left for talks left, la lawmakers are saying a deal is looking less likely than ever. >> it's a first time i feel it's more likely that we'll go over the cliff than not. and that -- if we allow that to happen it will be the most coloss colossal, consequential act of congressional irresponsibility in a long time. maybe ever in american history because of the immaterial pact...
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Jan 1, 2013
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with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington
with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might...
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with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington
with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might...
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Dec 28, 2012
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the prospect of reaching a deal to avoid the fiscal cliff before january 1st is very unlikely. that's putting it lightly. let's watch. >> there's 435 members of the house. what goes on in this country shouldn't be decided by the majority. it should be decided by the whole house of representatives. the speaker just has a few days left to change his mind, but i have to be very honest, mr. president, i don't know timewise how it can happen now. >> well, that was plain. this afternoon senate minority leader mitch mcconnell said he wasn't willing to offer the white house a blank check just because we're on the edge of the cliff. take a look. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> well, actually it's not a blank check the president has been pushing. and this is
the prospect of reaching a deal to avoid the fiscal cliff before january 1st is very unlikely. that's putting it lightly. let's watch. >> there's 435 members of the house. what goes on in this country shouldn't be decided by the majority. it should be decided by the whole house of representatives. the speaker just has a few days left to change his mind, but i have to be very honest, mr. president, i don't know timewise how it can happen now. >> well, that was plain. this afternoon...
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Dec 30, 2012
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fiscal cliff. sources tell nbc news party leaders in the senate are drafting a small stop-gap plan. the question is whether minority leader mitch mcconnell and majority leader harry reid can draft a bill that will pass the house. any bill that does come up for a vote tomorrow or monday will likely not address massive spending cuts but lawmakers are trying to avoid tax increases for most americans. nbc's david gregory talked to president obama about negotiations today in an interview that airs on "meet the press" tomorrow. the president continues to be optimistic but he, i think, in part is doing the interview on "meet the press" because he wants to keep the pressure on republicans to get something done and made very clear in the course of the interview that there's a political cost to be paid if there is not a deal. you can see the full interview with the president from the white house tomorrow morning on "meet the press" at 10:30 right here on nbc 4. >>> some good news for former president george
fiscal cliff. sources tell nbc news party leaders in the senate are drafting a small stop-gap plan. the question is whether minority leader mitch mcconnell and majority leader harry reid can draft a bill that will pass the house. any bill that does come up for a vote tomorrow or monday will likely not address massive spending cuts but lawmakers are trying to avoid tax increases for most americans. nbc's david gregory talked to president obama about negotiations today in an interview that airs...
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. >>> still ahead, even if the fiscal cliff deal becomes law, our nation's money worries are not over yet. that story coming up. >> plus, we have new details about the medical condition of secretary of state hillary clinton. we'll be right back. grz good morning once -- >>> good morning once again. olga breese in for howard bernstein. we have overcast skies. everyone sitting above freezing. we're starting to see a little bit of a dip. great falls down to 30 degrees. we'll keep the overcast skies and a couple of sprinkles. winds out of the west. highs will be chilly only making it into the lower 40s projecting a high of about 42 to 44 degrees at reagan national today. back to you. >> thank you, olga. >>> at 4:40, time for the first your money segment of 2013. >> wow. got to get used to saying that and writing it, too. good morning, jessica doyle. >> good morning. a hope for a deal on the fiscal cliff delivered a nice rally on wall street on the last day of trading of the year. the dow posted a 7% gain for the year. checking the numbers, the dow starts tomorrow because it's closed today
. >>> still ahead, even if the fiscal cliff deal becomes law, our nation's money worries are not over yet. that story coming up. >> plus, we have new details about the medical condition of secretary of state hillary clinton. we'll be right back. grz good morning once -- >>> good morning once again. olga breese in for howard bernstein. we have overcast skies. everyone sitting above freezing. we're starting to see a little bit of a dip. great falls down to 30 degrees....
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and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a deal does come through, it -- more likely will not be comprehensive, right? there's going to be a lot of negotiating that occurs after the first of the year. i guess my question to you is, does this leave the markets open to turmoil and more volatility as we head into january? >> the markets are going to be left open to turmoil and volatility, period. what we've seen is that despite the stakes getting higher, this isn't a game of poker but one of go fish. and no one seems to be fishing their wish. republicans are working with a weaker hand because they have to do a deal that involves a greater democrat
and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a...
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the senate strikes a deal on the fiscal cliff, but not before we've officially fallen off the cliff. we are off it right now. here is where things stand right now. a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate 600 billion in revenues over the next ten years. how things are sized up overnight. >> i've said all along, our most important priority is protecting middle class families. this legislation does this. >> this shouldn't be the model of how we do things around here. but i think we can sigh we've done some good for the country. >> if it passes the house, here is what the plan means for you and your family. bush era tax cuts would stay in place for individuals earning less than $400,000 a year and couples earning less than $450,000. unemployment benefits for 2 million americans would be extended f
the senate strikes a deal on the fiscal cliff, but not before we've officially fallen off the cliff. we are off it right now. here is where things stand right now. a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate...
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>> susie: on wall street traders popped open the champagne on hopes a fiscal cliff deal was imminent. big board volume climbed to 730 million shares. six stocks were up for each one that was down. over on the nasdaq volume was more than twice as heavy at 1.5 billion shares. on the sector front, we saw gains of at least 2% in technology, energy and materials related stocks. financials were the strongest group this year, rising over 26%. consumer discretionary stocks advanced over 20% as well. while the defensive health care group added 15%. those banking shares got an added boost today on word that banks could soon reach a $10 billion settlement with u.s. regulators over foreclosure abuses. the biggest winner on word of a potential settlement, bank of america. its shares added a quarter, to $11.60. it was the biggest winner on the dow this year. some positive analyst comments on facebook sent shares higher. b.m.o. capital says it's doubling its price target to $32 a share. it says facebook may benefit from a pick up in ad spending. facebook added $0.70 to $26.60. it looks like apple's
>> susie: on wall street traders popped open the champagne on hopes a fiscal cliff deal was imminent. big board volume climbed to 730 million shares. six stocks were up for each one that was down. over on the nasdaq volume was more than twice as heavy at 1.5 billion shares. on the sector front, we saw gains of at least 2% in technology, energy and materials related stocks. financials were the strongest group this year, rising over 26%. consumer discretionary stocks advanced over 20% as...
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cliff deal. so many cliffs, so little time. >>> do you watch abc's hit show "modern family" it has become a bit of a phenomenon. we sat down with one of the emmy winning producers and how they create nose crazy and hilarious story lines. >> i know, right. >> all i have to do is get 50 signatures, make my case and it's on. >> i am so proud of you. >> we all are. >> usually the minute any of us walks in the door, she gives us all something to do. >> do your homework. >> clean your room. >> put on pants. >> like the queen is coming over. >> i could really use your help getting these signatures. >> i'll do it as soon as i change those light bulbs you wanted. >> kids? >> i have a ton of homework. >>> "modern family" ever see it? it is a huge hit on abc packed with 21st century dynamics that are becoming the new normal for the modern family. nadia sat down with danny one of its executive producers for a real insider's tour of the show. cnn exclusive and today's arts & leisure. >> it's hard to know what
cliff deal. so many cliffs, so little time. >>> do you watch abc's hit show "modern family" it has become a bit of a phenomenon. we sat down with one of the emmy winning producers and how they create nose crazy and hilarious story lines. >> i know, right. >> all i have to do is get 50 signatures, make my case and it's on. >> i am so proud of you. >> we all are. >> usually the minute any of us walks in the door, she gives us all something to do....
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marco rubio, a no vote on the fiscal cliff deal. coming up on "starting point "oishg the senate passed that deal as america plunged off the fiscal cliff. now the house has to throw us a rope. someone who will be voting on this measure in a few hours. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. what's in your wallet? hut! are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "nam
marco rubio, a no vote on the fiscal cliff deal. coming up on "starting point "oishg the senate passed that deal as america plunged off the fiscal cliff. now the house has to throw us a rope. someone who will be voting on this measure in a few hours. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the...
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the fiscal cliff. consumers are nervous that lawmakers will be unable to reach a deal. >> samsung is seeking a ban on the import and sale of some erickson products and the u.s., escalating a dispute over patent fees. the complaints at the trade commission followed a dispute over mobile technology patents that erickson bought before a u.s. district court after the two sides failed to agree on licensing terms. in november, erickson said the samsung is seeking to drastically reduce the fee it pays to license patents. >> facebook has poked its way into ranks of mobile apps yet again. the social media company put smaller developers on notice last week with a lot of this new poke app for iphone. the app mimics snaped chance, a popular ab with teens that allow users to send images that self destruct moments after the recipient use it. poke immediately rose to #one on the iphone. thanks to the aggressive mobil development and cutthroats competitiveness, facebook owned three of the top-10 iphone apps of 2012. t
the fiscal cliff. consumers are nervous that lawmakers will be unable to reach a deal. >> samsung is seeking a ban on the import and sale of some erickson products and the u.s., escalating a dispute over patent fees. the complaints at the trade commission followed a dispute over mobile technology patents that erickson bought before a u.s. district court after the two sides failed to agree on licensing terms. in november, erickson said the samsung is seeking to drastically reduce the fee...
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fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more innovative. we're into the marketplace we have new products. we have lactose-free milk, low-fat, low sugar flavored milks. that is exactly what you're going to do now. what do you want a as consumer. we'll take care of you. juliet: house speaker john boehner has pushed back voting a new five-year farm bill for months saying it doesn't have the support it needs to pass. >>> brian, what's going on over there, buddy? brian: well, i'll trying to help a lot of american people. are you physicianed and faded out today because of wild new year's eve. do you feel you're h
fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more...
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the senate's fiscal cliff deal would kick that can down about two months to march. a lot of federal agencies trying to figure out what's that going to mean down the road? and then there's the continuing budget resolution which uses short-term band aids. the current resolution expires towards the end of march. so, before you think that we've averted any kind of fiscal cliff, we're actually hanging off of it by our fingernails waiting for the house to fix it and you've got all these other deadlines. >> it's no joke. we have gone to the brink on each one of those three things. >> that's the way we do it now. we wait until the absolute last minute to get things done. >> let me give you the glass half full here. we are in -- >> half full of champagne. >> we're in an environment of risk, we're not making it worse type environment. we're doing things to embrace the deficit and the debt. slowly but we're doing it. >> the problem not having a budget really is fundamentally a problem. the government does all sorts of things, passes all sorts of resolutions whether you like th
the senate's fiscal cliff deal would kick that can down about two months to march. a lot of federal agencies trying to figure out what's that going to mean down the road? and then there's the continuing budget resolution which uses short-term band aids. the current resolution expires towards the end of march. so, before you think that we've averted any kind of fiscal cliff, we're actually hanging off of it by our fingernails waiting for the house to fix it and you've got all these other...
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the senate making a vote on the fiscal cliff deal. the house still has to vote on that so we are continuing to watch that. that just rolled right in with the new year. good morning. i'm sarah simmons. >> i'm wisdom martin. welcome to fox 5 morning news. time now to talk to tucker barnes about our weather. >> good morning to you. >> i want to hear her about love versus lust with you, wisdom. >> it is a long and winding tale. we don't have enough time in the morning to talk about all that. >> we got five hours. let's get to the maps. we've got clouds out there to start your day. it will be an okay day. we'll have a lot of clouds around today just like yesterday. we'll get back in the upper 30s and low 40s for daytime highs. a lot of this is not getting a chance to touch the ground although it is trying. we have a cold front off to the north and west and that will be moving through during the course of the day. it will give us a very chilly air mass here for the mid. week t could kick off a flurry or maybe a sprink follow parts of the ar
the senate making a vote on the fiscal cliff deal. the house still has to vote on that so we are continuing to watch that. that just rolled right in with the new year. good morning. i'm sarah simmons. >> i'm wisdom martin. welcome to fox 5 morning news. time now to talk to tucker barnes about our weather. >> good morning to you. >> i want to hear her about love versus lust with you, wisdom. >> it is a long and winding tale. we don't have enough time in the morning to...
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cliff deal. he is was on meet the press. republicans weren't happy with that appearance because he they felt he was blaming them. new development in the last hour or two, vice president biden has come back from delaware. he is now here at the white house. he has had two phone calls with mitch mcconnell. in previous budget battles, joe biden has been the closer on these deals. his coming back from delaware might be a sign they are moving a little closer. that will be something to watch. the whole thing about changing cpi and reining in cost of entitlements, republicans are judging in on that. take a listen. >> one of proposals we made was something called change cpi but basically makes an adjustment in terms of how inflation is calculated on social security. highly unpopular among democrats not something supported but to strengthen social security in the long time i'm willing to make those decisions. >> reporter: in the morning, the president seemed to be opening the door to rein in those entitlem
cliff deal. he is was on meet the press. republicans weren't happy with that appearance because he they felt he was blaming them. new development in the last hour or two, vice president biden has come back from delaware. he is now here at the white house. he has had two phone calls with mitch mcconnell. in previous budget battles, joe biden has been the closer on these deals. his coming back from delaware might be a sign they are moving a little closer. that will be something to watch. the...
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welcome back to breaking news cover range on a fiscal cliff deal on capitol hill. democrats got out of their meeting with vice president joe biden. the vice president had been is set to the hill to discuss the deal and he spent much of the past 24 hours working out the details with senate minority leader mitch mcconnell. here is what we know about the potential deal as of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an income over $450,000. unemployment benefits will be extended. the sequester, automatic spending cuts that would hit a wide range of government programs, including department of defense, will be dedelayed for a two-month period and be paid for with a 50/50 split on tax increases and spending cuts. joining us now is kelly o'donnell what have you learned with the vice president's meeting with senate democrats? >> we were able to talk to some within the meeting, they are in a bit of waiting game, in part because of the legislation, being turned into an actual test that will have the
welcome back to breaking news cover range on a fiscal cliff deal on capitol hill. democrats got out of their meeting with vice president joe biden. the vice president had been is set to the hill to discuss the deal and he spent much of the past 24 hours working out the details with senate minority leader mitch mcconnell. here is what we know about the potential deal as of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an...
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the united states of america is getting ready to go over the fiscal cliff even though it's got a deal maybe close in hand. i'm wolf blitzer. i'm reporting in washington. >> lawmakers and vice president biden struggling all day on a deal, but no final vote. at least so far. we'll get the latest from the hill and show what this means for you and your taxes starting tomorrow. >> ali is going to be with us for the next hour or two or three. who knows. we're also watching a very serious health scare for the secretary of state, hillary clinton. she's now hospitalized with a blood clot. doctors are revealing where it is. we want to welcome our viewers in the united states and around the world. >>> we'll get to the fiscal cliff negotiations. there's movement right now, but first, startling new information we're learning about the blood clot that landed secretary of state hillary clinton in the hospital this new year's eve. her doctor is now revealing it's located in her head between her brain and her skull. let's go straight to our chief medical correspondent, dr. sanjay gupta for the latest.
the united states of america is getting ready to go over the fiscal cliff even though it's got a deal maybe close in hand. i'm wolf blitzer. i'm reporting in washington. >> lawmakers and vice president biden struggling all day on a deal, but no final vote. at least so far. we'll get the latest from the hill and show what this means for you and your taxes starting tomorrow. >> ali is going to be with us for the next hour or two or three. who knows. we're also watching a very serious...
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concerned about no deal for the fiscal cliff. >> we are following a live look from indianapolis. >> the indianapolis colts' head coach returning to team headquarters where the dressing clareaddressing playerd coaches. >> italy from the team is returning today. >> (cheers and applause) the happiest day of my life was july 1, 1989. that is when i got married to my wife tina. i want to thank you. she is a soldier. a warrior, my soul mate. my family, my mom and dad and my daughters you cannot get through something like this without someone as strong as loving as your family. i think you tina. the guys that came to see me. she never left my side. except to go home and do laundry. we were there 25 days you got me through and i thank you. circumstances they do not make you. i talked about that a long time ago. >> the indianapolis colts coach choke pagno to work after a life-threatening leukemia. after radiation he is 99 percent recovered. he has returned to coach the colts. we human find out where yields appear in about correcting memory ago, to net, you, people talking crazy is christmas eve
concerned about no deal for the fiscal cliff. >> we are following a live look from indianapolis. >> the indianapolis colts' head coach returning to team headquarters where the dressing clareaddressing playerd coaches. >> italy from the team is returning today. >> (cheers and applause) the happiest day of my life was july 1, 1989. that is when i got married to my wife tina. i want to thank you. she is a soldier. a warrior, my soul mate. my family, my mom and dad and my...
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the fiscal cliff deal passed by the senate? will hard line conservatives make it sxwobl in back now is reid wilson and ryan grim. thank you for coming back. >> hey. >> thanks for having us. >> do you think this bill will pass the houshgs and if not will democrats preferred to make further concessions? >> i think it will pass the house eventually. this is one of those moments, though, when i think speed is probably on the side of -- or, rather, it would benefit those who want to pass this bill. the faster you're able to get something to the floor and get it through a vote, the more likely you are to attract these conservatives and liberals, by the way, who might otherwise find a reason to vote against it. if the longer they take their time to sort of talk it through and go through the bill's details moment by moment, the more you'll get pressure from the outside and pressure from groups like everybody from the progressive campaign committee on the left to the heritage action and for growth on the right. the outside influences wi
the fiscal cliff deal passed by the senate? will hard line conservatives make it sxwobl in back now is reid wilson and ryan grim. thank you for coming back. >> hey. >> thanks for having us. >> do you think this bill will pass the houshgs and if not will democrats preferred to make further concessions? >> i think it will pass the house eventually. this is one of those moments, though, when i think speed is probably on the side of -- or, rather, it would benefit those who...
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rick: the senate reaching a deal overnight to avert the fiscal cliff. so who are the winners and who are the losers? a fair and balanced debate on that. >> it's not something that any of us would say, oh, i love it. i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses. new prilosec otc wildberry is the same frequent heartburn treatment as plosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer one pill each morning. 2hours. zero heartburn. satisfaion guaranteed or your money back. heather: welcome back and happy new year. thousands of people welcoming in 2013 in key west, florida, with the drop of a shoe. take a look at this. have you heard about this tradition? the annual drag queen drop, yea
rick: the senate reaching a deal overnight to avert the fiscal cliff. so who are the winners and who are the losers? a fair and balanced debate on that. >> it's not something that any of us would say, oh, i love it. i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses. new prilosec otc wildberry is the same frequent heartburn treatment as plosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a...
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tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn financial and james freeman, assistant editor of "the wall street journal"'s editorial page. james, i will start with you. does the treasury department's statement literally within the last hour we'll hit the debt ceiling deadline on monday, does that add any kind of motivation they need to get their act together in washington? >> i don't know. i think it might just add a little skepticism. you remember when we went through this at 2011. they had various dates, finally months into it in august they said this is the real deadline. knowing
tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn...
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president obama flying home from hawaii this morning to try and get a deal on the fiscal cliff with the deadline just five days away now, but are the two sides even talking? >>> 36 million hits and counting. the videos that made us laugh, cry and cringe in 2012. we are going to look back at four of the year's most talked about internet sensations as the stars of them join us live in the studios, thursday, december 27th, 2012. >>> from nbc news, this is "today" with matt lauer and savannah guthrie, live from studio 1a in rockefeller plaza. >>> good morning. welcome to "today" on this thursday morning. i'm savannah guthrie. >> i'm willie geist in this morning for matt. we have the party music on for a reason. it's someone's birthday in this room today. happy birthday, savannah. >> thank you. i'm getting my musical request for today. a little techovibe. >> we will have the carbon daters to take us back to the day you were born. >> do you need to tweet out my age? >> i gave some hints. >> turning 30, very excited about that. >> we'll let you have that one. >> a lot of wind in the new york a
president obama flying home from hawaii this morning to try and get a deal on the fiscal cliff with the deadline just five days away now, but are the two sides even talking? >>> 36 million hits and counting. the videos that made us laugh, cry and cringe in 2012. we are going to look back at four of the year's most talked about internet sensations as the stars of them join us live in the studios, thursday, december 27th, 2012. >>> from nbc news, this is "today" with...
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>>> an overtime session reach as a fiscal cliff deal. while most people partied, lawmakers struck a last-minute agreement to stop at cross the board tax hikes and spending cuts. but maybe too soon to celebrate. we'll tell you why in a live report. >> plus, another big story in the nation's capital, the burgundy and gold return to the playoffs. we'll see how people are marking the end of a five-year drought. fox 5 morning news continues right now. right now. >>> good morning. it is straight up 6:00 on the first day of the new year, 2013, here we come. take a live look outside right now at reagan national airport. checking in with tucker here in a second. it is tuesday, the 1st of the year. i'm sarah simmons. >> i'm wisdom martin. welcome to fox 5 morning news. there it is, countdown to 2013 and what most may say was the most famous new year's celebration of them all. morning a million people hit the streets of chilly manhattan to watch the ball drop in times square. about a billion more watched it on television. many folks rang in the new
>>> an overtime session reach as a fiscal cliff deal. while most people partied, lawmakers struck a last-minute agreement to stop at cross the board tax hikes and spending cuts. but maybe too soon to celebrate. we'll tell you why in a live report. >> plus, another big story in the nation's capital, the burgundy and gold return to the playoffs. we'll see how people are marking the end of a five-year drought. fox 5 morning news continues right now. right now. >>> good...
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. >>> checking our top stories, a fiscal cliff deal has been reached. the senate just approving the teal in a vote of 89-8 just a few hours ago . in a race against the clock, senate leaders found a compromise. taxes will remain the same for middle income americans but they will increase for those individuals making more than $400,000 and for families making more than $450,000. >>> gay marriage is now legal in maryland. same-sex couples have been able to get marriage licenses in the free state for about three weeks but the new law didn't go into effect until the strike of midnight in the new year. dozens of same-sex wedding are scheduled for today including some at city hall in baltimore and a massive wedding event at the black walnut point inn. >>> secretary of state hillary clinton remains in a new york city hospital this morning. but doctors are optimistic that she will make a full recovery. she is being treated for a broad clot they found in her head. it is located in the vein between the brain and skull right behind her right ear. clinton is being t
. >>> checking our top stories, a fiscal cliff deal has been reached. the senate just approving the teal in a vote of 89-8 just a few hours ago . in a race against the clock, senate leaders found a compromise. taxes will remain the same for middle income americans but they will increase for those individuals making more than $400,000 and for families making more than $450,000. >>> gay marriage is now legal in maryland. same-sex couples have been able to get marriage licenses...
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Jan 1, 2013
01/13
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yet you see vice president biden on the hill yesterday dealing with the fiscal cliff. if you're going to have two more months of positioning on the fiscal cliff, how deep does the president go on that or does he go on immigration or gun control or energy which he said yesterday is another priority in his state of the union speech and really push? because the white house has to prioritize and right now the economy continues to be the number one priority for the foreseeable future. >> jill, if this fiscal cliff bill does get done is the new congress going to be more or less likely to work with the president on his second term agenda? >> well, the president is going to have more senators to work with, 55 as opposed to 53. that doesn't mean he'll have an easy time of it because republicans can block anything they want in the senate. it depends on what lessons if any republicans took from the election. i do think that the principle gap is very deep and so i'm not sure that we're going to see a kumbaya situation. but as i say, there are some advantages for republicans in mak
yet you see vice president biden on the hill yesterday dealing with the fiscal cliff. if you're going to have two more months of positioning on the fiscal cliff, how deep does the president go on that or does he go on immigration or gun control or energy which he said yesterday is another priority in his state of the union speech and really push? because the white house has to prioritize and right now the economy continues to be the number one priority for the foreseeable future. >> jill,...
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Dec 27, 2012
12/12
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they are hoping to strike a deal and avoid the fiscal cliff. we are in washington where some republicans are pessimistic an agreement can be reached. >> reporter: the senate majority leader is on the floor right now. we will take a live look at the capitol. he is trying to get republican support for the latest democratic plan. they got back to work about 15 minutes ago and are considering the president's offer to raise taxes on households making $400,000 or more a year. even if it passes the senate he is concerned about the house where he will need about 30 republicans to cross party lines. the house speaker said he is not making members of the house come back from their break without a 48 hour notice on a vote. in the last -- >> american people i don't think understand the house is operating without the house of house. its being operated with a dictatorship of the speaker. >> reporter: on top of this the treasurey department said the united states will hit its debt ceiling on monday and unless it takes extraordinary measures the country could
they are hoping to strike a deal and avoid the fiscal cliff. we are in washington where some republicans are pessimistic an agreement can be reached. >> reporter: the senate majority leader is on the floor right now. we will take a live look at the capitol. he is trying to get republican support for the latest democratic plan. they got back to work about 15 minutes ago and are considering the president's offer to raise taxes on households making $400,000 or more a year. even if it passes...
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Dec 30, 2012
12/12
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not all deals are created equal. we want to see a fiscal cliff deal. if it cuts the heck out of all kind of programs, then you can have a deal that is actually a real drag on the recovery as well. maybe not a recession, but a slower year than we otherwise would and slow growth. again, there's two percentage points in the payroll tax scheduled to increase on january 1. if you look at how negotiations are going, it looks like it's going to happen. the typical family's taxes by $1,000 over the course of a year. >> the final one, we are talking debt ceiling. you think the fiscal cliff thing is bad for the economy. you wait and see if they can't get the debt ceiling worked out. >> right. it's one thing to go over the fiscal cliff. that would be bad. we don't want to it happen. a recession may happen. it would be unfortunate. it's different than the u.s. defaulting on the debt. you know, we saw that back in august, 2011, we saw the downgrade of the credit rating. just by having the threat of not approving the debt ceiling increase and the possibility of defa
not all deals are created equal. we want to see a fiscal cliff deal. if it cuts the heck out of all kind of programs, then you can have a deal that is actually a real drag on the recovery as well. maybe not a recession, but a slower year than we otherwise would and slow growth. again, there's two percentage points in the payroll tax scheduled to increase on january 1. if you look at how negotiations are going, it looks like it's going to happen. the typical family's taxes by $1,000 over the...
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Dec 31, 2012
12/12
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CNBC
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despite encouraging signs, there's still no final fiscal cliff deal. e mamon javers is on capitol hi working the phones. what are you hearing about the president's remarks we heard earlier where he promised to puch more more revenues later on. i would imagine it would have rankled a few republicans. >> that's right. john mccain said he was upset the president took to strong tone in his remarks today. he said it was not helpful to the negotiations going on here at the capitol. but then we had mitch mcconnell go to the senate floor and propose something unexpected and interesting. take a listen here to exactly what mitch mcconnell had to say. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. we'll continue to work on finding smarter ways to cut spending. but let's not let that hold up protecting americans from the tax hike that will take place in about ten hours. >> now, that comment had eyebrows raised all across capitol hill as people said wait a second, what's mcconnell doing supporting separating the tax negot
despite encouraging signs, there's still no final fiscal cliff deal. e mamon javers is on capitol hi working the phones. what are you hearing about the president's remarks we heard earlier where he promised to puch more more revenues later on. i would imagine it would have rankled a few republicans. >> that's right. john mccain said he was upset the president took to strong tone in his remarks today. he said it was not helpful to the negotiations going on here at the capitol. but then we...
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Jan 1, 2013
01/13
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CNNW
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they it don't know e if they, house members, are going to meet to vote on the fiscal cliff deal. they have yet to decide to meet. however, what they will meet about at least the house caucus at under a 12:00 and 1:00 respectively, they will get together to discuss the potential of getting together for a vote. i'll keep you update on what comes out of that. dana bash is following it for us as well. e she will report to us if they make a decision. >>> other news, though, since the news broke about secretary of state hillary clinton and the blood clot that was discovered in her head, reporters have been scrambling to find out just how dangerous the rare disorder that she has is. i wanted to show you what was in the papers today. it's a picture of chelsea. not sure if a picture says a thousand words, but her family certa certainly rushed to the hospital where she's being treated. that picture really caught that image of what appears to be a distraught chelsea clinton. she was leaving the hospital after the visit with her mom. she tweeted out a message thanking people for their suppor
they it don't know e if they, house members, are going to meet to vote on the fiscal cliff deal. they have yet to decide to meet. however, what they will meet about at least the house caucus at under a 12:00 and 1:00 respectively, they will get together to discuss the potential of getting together for a vote. i'll keep you update on what comes out of that. dana bash is following it for us as well. e she will report to us if they make a decision. >>> other news, though, since the news...
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Dec 31, 2012
12/12
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we're going to do this in steps meaning a fiscal cliff deal. the question for the market at this point is how much of a deal will come out of this, will it be a partial going over the cliff, or will it be -- will it be one of the band-aid measures that wall street wasn't hoping for. with one of these sort of half deals or partial deals, what wall street winds up getting is more question marks. not really some -- solid rules of the road that continue getting this uncertainty about where taxes may be. so, you know, we are seeing the dow up right now 47 points. but the dow is off its highs of the session, simply because it doesn't look like it is going to be a full deal as far as investors feel that they think it is going to be more of a band aid measure. >> like a series of mood swings and the american public wants to know where they stand. that's pretty much the bottom line. let me ask, the form bill, another big concern, top congressional leaders say they have reached a deal. but yet to vote on an extension. if congress fails to act, well, an i
we're going to do this in steps meaning a fiscal cliff deal. the question for the market at this point is how much of a deal will come out of this, will it be a partial going over the cliff, or will it be -- will it be one of the band-aid measures that wall street wasn't hoping for. with one of these sort of half deals or partial deals, what wall street winds up getting is more question marks. not really some -- solid rules of the road that continue getting this uncertainty about where taxes...